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Author: CKM Staff

Economy Energy Gas International Oil

A New Era with Savannah Energy’s Acquisition of ExxonMobil’s Upstream, Downstream Assets in Chad and Cameroon

Savannah Energy has announced the completion of its acquisition of ExxonMobil’s upstream and downstream asset portfolio in Chad and Cameroon The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of

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Economy Energy Oil

Talks With Hyve Group/Africa Oil Week Are Officially Off; African Energy Week (AEW) Scheduled for October 16-20 in Cape Town

Having reached out on multiple occasions to Africa Oil Week, African Energy Week will no longer pursue collaboration with the conference or event organizers and will continue to work towards supporting Africa’s energy sector and making energy poverty history at AEW 2023 While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete

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Energy Gas International Oil

Savannah Energy’s South Sudan Oil Deal is a boost for Jobs, Local Content and Women Empowerment

Savannah Energy has announced its agreement to purchase producing oil fields in South Sudan, a deal which follows the company’s 9th of December announcement of its procurement of ExxonMobil’s upstream and downstream portfolio in Chad and Cameroon Africa-focused British independent energy company, Savannah Energy, has announced the acquisition of producing oil fields in South Sudan from Malaysian state oil and gas company, Petronas, a move highly supported by the African Energy Chamber (AEC) (http://www.EnergyChamber.org). The

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Energy

TAAG offers new route between Luanda and Ponta Negra

TAAG (Linhas Aéreas de Angola) has expanded its network of regional destinations, offering two weekly flights between Luanda and Ponta Negra, the second largest city and main commercial center in the Republic of Congo, whose inaugural flight will take place today, Monday. fair, 12. According to a statement from TAAG, this route will have two weekly flights with departures on Mondays and Fridays, operated by the DASH 8 aircraft with capacity for 74 passengers, 64

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Energy Gas News Oil

OPEC+ supports market stability

The OPEC+ alliance plays a key role in supporting market stability, OPEC Secretary General Haitham Al Ghais said Saturday in a message alluding to the sixth anniversary of the group’s formation. “Six years later, the framework continues to play a key role in supporting market stability, which is essential for growth and development, and also in attracting the necessary investment to ensure energy security,” said Al Ghais, in a communicated. At the last meeting, held

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Economy Energy Gas International News Oil Renewable Energy

Brent trading at $78

A barrel of Brent oil, a reference to Angolan exports, was traded yesterday until around 5 pm in Angola, at the price of US$78.29.Until that moment, the price represented an appreciation of 2.19 dollars, equivalent to 2.88 percent when compared to 76.1 dollars the day before. As can be seen from the indicators on the Investing.com platform, Monday’s trading peaked at $78.58. Over the past few days, oil prices have been steadily easing on fears

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Economy Energy Gas International News Renewable Energy

ExxonMobil reduces oil production in Equatorial Guinea

US oil company ExxonMobil is expected to leave Equatorial Guinea in 2026, after reducing production at the Zafiro well to 15,000 barrels per day. “We are currently evaluating the best way to leave, in close collaboration with the Ministry of Mines and Hydrocarbons”, confirmed a spokeswoman for ExxonMobil, after news from the specialized press that reported the complete exit from the country. ExxonMobil reduced production in the Zafiro field from 45,000 to 15,000 barrels of

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Energy Oil

Brent at $93.5 a barrel

The price of a barrel of Brent oil, a reference to Angola’s exports, starts the week at US$93.50, holding a positive daily variation of 1.21 percent from US$1.12 above the previous close. The data from PetroAngola, which controls four different types of oil in the Angolan supply to the markets, points out that the Girassol branches have a price of US$92.86; Dália appears with 88.86 dollars; Nemba at US$88.88 and Cabinda at US$92.58. According to

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Energy Gas Oil

Angola and Nigeria with major responsibilities in Africa

Angola and Nigeria are two countries with increased responsibilities in ensuring a sustainable energy transition in Africa, said this Saturday (22), the Nigerian ambassador accredited in Luanda, Monique Ekpong, during the 1st African Summit on Energy, Oil and Gas. The diplomat supported the statement by mentioning that the two countries have large reserves of crude oil and natural gas which, if properly used, can allow the economic development of both countries and the region. Monique

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Economy Diamonds Energy

SODIAM announces auction of 43 diamond stones

The National Diamond Trading Company (SODIAM) will auction 43 special diamond stones, including a 170.20 carat pink diamond, whose viewing sessions will take place from October 24th to November 14th. The bidding process for these stones ends on November 15, 2022 and will only be done electronically to customers registered by SODIAM and who have “expertise” in the marketing of special stones, the company says in a statement. The auction included seven special stones weighing

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